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Stock Liquidity, Auditor Choice, and Audit Fees.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Stock Liquidity, Auditor Choice, and Audit Fees./
Author:	Qin, Juan.
Description:	1 online resource (85 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-07(E), Section: A.
Contained By:	Dissertation Abstracts International79-07A(E).
Subject:	Accounting. -
Online resource:	click for full text (PQDT)
ISBN:	9780355600810

Stock Liquidity, Auditor Choice, and Audit Fees.
Qin, Juan.

Stock Liquidity, Auditor Choice, and Audit Fees. - 1 online resource (85 pages)

Source: Dissertation Abstracts International, Volume: 79-07(E), Section: A.

Thesis (Ph.D.)--University of Hawai'i at Manoa, 2017.

Includes bibliographical references

I investigate whether firms' stock liquidity is associated with their auditor choices and audit fees. Stock liquidity can increase monitoring by helping institutional investors overcoming free-rider problems to intervene in management decisions. Stock liquidity can also facilitate block formation and costly information acquisition, which enhances corporate governance through the threat of exit by institutional investors. Given that stock liquidity can enhance corporate governance, firms with higher stock liquidity may have incentives to hire higher quality auditors and pay higher audit fees to satisfy the demand of institutional investors. Consistent with these arguments, I find that firms with liquid stocks are more likely to appoint higher quality auditors such as Big 4 and industry specialist auditors, and they also pay significantly higher audit fees. These results are robust to alternative measures of liquidity and industry specialists. These results are also robust to the control of the endogeneity of stock liquidity. This paper contributes to the accounting literature by providing empirical evidence of the role of stock liquidity on auditor choice and audit pricing.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355600810Subjects--Topical Terms:

561166
Accounting.
Index Terms--Genre/Form:

554714
Electronic books.

Stock Liquidity, Auditor Choice, and Audit Fees.
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100 1 $a Qin, Juan. $3 1193468
245 1 0 $a Stock Liquidity, Auditor Choice, and Audit Fees.
264 0 $c 2017
300 $a 1 online resource (85 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 79-07(E), Section: A.
500 $a Adviser: Jian Zhou.
502 $a Thesis (Ph.D.)--University of Hawai'i at Manoa, 2017.
504 $a Includes bibliographical references
520 $a I investigate whether firms' stock liquidity is associated with their auditor choices and audit fees. Stock liquidity can increase monitoring by helping institutional investors overcoming free-rider problems to intervene in management decisions. Stock liquidity can also facilitate block formation and costly information acquisition, which enhances corporate governance through the threat of exit by institutional investors. Given that stock liquidity can enhance corporate governance, firms with higher stock liquidity may have incentives to hire higher quality auditors and pay higher audit fees to satisfy the demand of institutional investors. Consistent with these arguments, I find that firms with liquid stocks are more likely to appoint higher quality auditors such as Big 4 and industry specialist auditors, and they also pay significantly higher audit fees. These results are robust to alternative measures of liquidity and industry specialists. These results are also robust to the control of the endogeneity of stock liquidity. This paper contributes to the accounting literature by providing empirical evidence of the role of stock liquidity on auditor choice and audit pricing.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Accounting. $3 561166
650 4 $a Finance. $3 559073
650 4 $a Business administration. $3 1148568
655 7 $a Electronic books. $2 local $3 554714
690 $a 0272
690 $a 0508
690 $a 0310
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a University of Hawai'i at Manoa. $b Business Administration. $3 1193469
773 0 $t Dissertation Abstracts International $g 79-07A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10757771 $z click for full text (PQDT)